Midterm IMS 3310- Henderson Exam Practice Questions and Answers
0 view 0 purchase
Course
Practice Tests 2024
Institution
Practice Tests 2024
Midterm IMS 3310- Henderson Exam
Practice Questions and Answers
What is globalization? - ANSWER-The tendency toward an international integration of goods,
technology, information, labor and capital, or the process of making this integration happen.
Why is globalization important? - ANSWER-Inter...
FDI versus non equity modes of entry, what are the pros and cons to each? - ANSWER✔✔-Non equity:
An agreement between two or more firms to work together on a certain project or to operate in a
paritcular market by establishing a new entity taht is jointly owned by all the partner. The profits/losses,
risks and the control of the operations are shared by all the partners. It helps a firm to take the benefit of
local partner's knowledge of the local market. At the same time it involves the risk of opportunistic
behavior by the partner and chances of conflicts between the partners for control are also high.
Foreign Direct Investment: This has direct ownership of facilities to produce or market a product in a
foreign country. Establishing a wholly owned subsidiary is the most costly method of serving a foreign
market and the firm has to bear the full capital costs as well as all the risks associated with overseas
operations. But at the same time it provides the highest degree of control over the operations.
Why do firms and countries trade? - ANSWER✔✔-Most countries trade for the need of resources,
demand factor conditions, supporting industries, strategy, structure, and competition.
What are the major trading pacts? - ANSWER✔✔-North American Free Trade Agreement (NAFTA),
European Union (EU), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Trade Agreement
(APTA)
Why are trading pacts relevent to Multinational Entities? - ANSWER✔✔-Trade pacts help multinational
entity's trade and save costs while trading for resources which they need.
Page 2/6
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Emillect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
